SparkCognition Announces $100 Million Series C Led by March Capital with Participation from Temasek
SparkCognition, a global artificial intelligence (AI) leader that builds AI technology to advance the most important interests of society, announced the close of its Series C funding of $100 million led by March Capital Partners. With overall funding of $175 million since its inception in 2013, SparkCognition is now one of the most valuable startups in Texas and one of the most valuable AI startups in the United States. "In a short few years, SparkCognition has proven itself to be one of the leading industrial AI companies in the world," said Sumant Mandal, Managing Director and co-founder of March Capital Partners. "We are proud to lead their Series C round, and look forward to working closely with the company to drive its success even further." SparkCognition builds AI technology for industrial applications–revolutionizing the way industries like oil and gas, defense, utilities, aviation, and financial services manage such critical functions as efficiency and safety.
Oct-10-2019, 16:01:44 GMT
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